Gold Futures Hit Record $4,890 as Trade War Escalates

Gold futures reach a record $4,890 as trade war escalation fuels safe-haven demand and drives a 78% annual price surge.

Oleg Petrenko By Oleg Petrenko Published: Updated:

Gold futures jump to a record $4,890 per ounce as escalating trade tensions drive demand for safe-haven assets. Investors increase exposure to gold amid rising uncertainty over global trade flows, tariffs, and potential retaliatory measures between major economies.

Over the past 12 months, gold gains approximately 78%, marking one of the strongest annual performances in its trading history. The rally is supported by sustained geopolitical risk, expectations of prolonged economic friction, and portfolio rebalancing away from risk-sensitive assets.

Market participants also point to central bank buying and resilient investment demand as key factors reinforcing the upward trend. With volatility remaining elevated across equity and currency markets, gold continues to serve as a hedge against macroeconomic instability and policy-driven shocks.

Commodities, Markets